WTO Sets Deadline For Colombian Duty Reforms

Law360, New York (October 2, 2009, 6:09 PM EDT) -- A World Trade Organization arbitrator has ruled that Colombia has until February 2010 to bring its duty-pricing rates and port-of-entry barriers related to Panama into conformity with WTO regulations, splitting the difference between dates proffered by Colombia and its Latin American neighbor.

In a ruling Friday, arbitrator Giorgio Sacerdoti said Colombia had already taken serious initiatives to comply with the decision of the WTO's Dispute Settlement Body, which ruled for Panama in May, and should not be allowed additional time to initiate wider reforms of municipal...
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